The Goods and Services Tax (GST) was introduced in India on July 1, 2017, with the aim of simplifying the indirect tax system in the country. It has replaced multiple taxes such as excise duty, service tax, and value-added tax (VAT) with a single, comprehensive tax structure. The GST Council has made it mandatory for all businesses in India to migrate to the new GST regime.
One of the first steps towards GST migration is the allotment of a provisional ID and an access token. In this article, we will discuss the process of GST migration and the allotment of a provisional ID and an access token.
GST migration is the process of shifting from the existing tax system to the GST regime. It is mandatory for all businesses with a turnover of over Rs. 20 lakhs to migrate to GST. For businesses operating in the northeastern and hilly states, the threshold limit is Rs. 10 lakhs.
The GST migration process is divided into three steps:
1. Creation of Provisional ID and Password
2. Migrating to GST
3. Final Registration under GST
The first step towards GST migration is to generate a provisional ID and password. The provisional ID is a unique 15-digit number that is assigned to businesses that are registered under the previous tax regime. This number is generated by the State authorities where the business is registered.
The provisional ID is used to create a user account on the GST Common Portal. Once the user account is created, the business owner can log in to the GSTN portal using a unique password. The GSTN portal generates an access token that is used to upload the necessary documents for GST migration.
The provisional ID and password are generated by the State authorities where the business is registered under the previous tax regime. The process of generating a provisional ID and password is as follows:
1. Visit the State VAT department website and click on the GST registration link. The website will redirect you to the GST Common Portal.
2. Enter your existing VAT or service tax registration number, and the system will generate a provisional ID and password for you.
3. Once you have received the provisional ID and password, log in to the GST Common Portal and change your password.
After the provisional ID and password have been generated, the business owner can log in to the GST Common Portal and generate an access token. The process of generating an access token is as follows:
1. Log in to the GST Common Portal using your provisional ID and password.
2. Click on the ‘Services’ option in the top menu and select ‘Registration’ from the drop-down menu.
3. Click on the ‘Generate Access Token’ button.
4. The GSTN portal will generate an access token that will be sent to your registered mobile number and email ID.
5. Enter the access token on the GST Common Portal and proceed with the GST migration process.
The allotment of a provisional ID and access token is an important step towards GST migration. Business owners must ensure that they generate their provisional ID and password and access token as soon as possible to avoid any last-minute hassles. It is also advisable to hire a GST consultant to help with the migration process and ensure that all necessary documents are uploaded on time.
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